15898 La Grange Rd Orland Park, IL 60467
- Lifestyle centers
- 14,281 SF
- 1.10 lot acres
Current Use by Public Records
- Mattress Firm Orland Crossing / Bed Shop / Children'S Furniture Store
Property Details for 15898 La Grange Rd
- Year built
- 2016
- Lot size
- 1.10 lot acres
- Property size
- 14,281 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Exceptional Orland Park retail investment opportunity featuring 14,281 square feet of Class A retail space, situated on 1.1 acres at a major intersection with over 77,500 vehicles daily. This 100% occupied property boasts a diverse tenant mix including Aspen Dental, AT&T, Mattress Firm, and Al Hamawi Roastery & Café, all backed by corporate guarantees. The property benefits from a strong regional draw, situated adjacent to a major 329,903 square foot shopping center anchored by national retailers such as Ulta Beauty, Best Buy, and others, attracting over 256,500 annual visitors. Built in 2016, the single-story building features 63 parking spaces and offers a substantial Net Operating Income (NOI) of $641,864, resulting in a 6.70% cap rate. The property is offered fee simple with a NNN lease structure and includes built-in rent bumps. Further enhancing its value, a significant new development is underway across the street, including a grocery-anchored center, restaurants, a hotel, and medical office space, promising increased traffic and future appreciation. This is a rare opportunity to acquire a high-performing, stabilized retail investment in a prime Orland Park location. The asking price is $9,600,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orland Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.853
- Latitude
- 41.6022
